System In Crisis

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The late 1960s marked a critical juncture for global capitalism, revealing deep-seated issues that led to unemployment and reduced consumer power. Petras and Veltmeyer analyze the responses to this crisis, including restructuring production and implementing new technologies, aimed at revitalizing a failing system. They delve into class divisions and the political implications of the anti-globalization movement, offering insights into the potential for unifying resistance against neo-liberalism and exploring alternatives for a more equitable socialist development.